151 Knoxdale Road, Manordale in Ottawa, ON
This is a Single Family (Bungalow) with Attached Garage parking.
Work with an experienced agent who knows ~the Manordale area~ View This Property
151 Knoxdale Road, Manordale in Ottawa
Incredible cashflow opportunity in Manordale (Nepean) near Algonquin College! Fully tenanted at $6,000 monthly income and a 6.5% CAP RATE. Fully renovated and SDU added in 2020. 8 Bedrooms and 4 Full Bathrooms split between 2 LEGAL separate dwelling units in a sprawling bungalow. Exceeds 2400sqft as per MPAC. Gross income $6,000 monthly or $72,000 annually. Incredibly efficient boiler heating and low taxes result in expenses adding up to only ~$13,610. NET OPERATING INCOME $58,390. Monthly CASH FLOW approx. $1,000 even at current interest rates! Prove your investment acumen and show other investors that you CAN cashflow a renovated Ottawa property $1,000/month at current rates. If rates go down to 3% cashflow becomes $2,000+. With growing rental income you could cashflow over $1 million during a 30-year ownership. At only 4% value growth per year, resale could be approx. $2.92 million. Attached garage holds opportunity for additional income. Sold furnished. (id:6289)
$899,000
151 Knoxdale Road, Ottawa, Ontario
Essential Information
- MLS® #1387634
- Price$899,000
- Bedrooms8
- Bathrooms4.00
- Acres0.16
- Year Built1967
- TypeSingle Family
- Sub-TypeFreehold
- StyleBungalow
- Days on Website12
Amenities
- AmenitiesPublic Transit, Recreation Nearby, Shopping, Furnished
- Parking Spaces3
- ParkingAttached Garage, Surfaced
- # of Garages1
Exterior
- ExteriorStone, Siding
- FoundationPoured Concrete